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<blockquote data-quote="Sidewinder" data-source="post: 406113" data-attributes="member: 9512"><p>If you are "earning" £32-37k pa PAYE, then you will need to be doing some serious graft to get this for the first perhaps 5 years if you go down this sort of retraining route.</p><p></p><p>You might turnover 40-50k, but to "earn" that sort of money you need to be well switched on, remember your turnover as SE, or 1 man Ltd. Co. is before any overheads, tools, test equipment, scheme membership, training, books, insurance, van fuel etc. etc.</p><p></p><p>If you want to "earn" say £40k, then you need to be hitting £80k+.</p><p></p><p>That is the "rule of thumb" for those employed by a larger business, in that they need to double their salary to be worthwhile employing.</p><p></p><p>A Ltd. Co. should be turning over circa £125k per head, to be successful long term.</p></blockquote><p></p>
[QUOTE="Sidewinder, post: 406113, member: 9512"] If you are "earning" £32-37k pa PAYE, then you will need to be doing some serious graft to get this for the first perhaps 5 years if you go down this sort of retraining route. You might turnover 40-50k, but to "earn" that sort of money you need to be well switched on, remember your turnover as SE, or 1 man Ltd. Co. is before any overheads, tools, test equipment, scheme membership, training, books, insurance, van fuel etc. etc. If you want to "earn" say £40k, then you need to be hitting £80k+. That is the "rule of thumb" for those employed by a larger business, in that they need to double their salary to be worthwhile employing. A Ltd. Co. should be turning over circa £125k per head, to be successful long term. [/QUOTE]
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